Investing.com - CubeSmart reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CubeSmart announced earnings per share of $0.66 on revenue of $201.00. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $244.89M.
CubeSmart shares are down 18% from the beginning of the year and are trading at $40.00 , down-from-52-week-high.
CubeSmart shares gained 1.52% in after-hours trade the report.
CubeSmart follows other major Real Estate sector earnings this month
CubeSmart's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on October 19 with third quarter EPS of $1.36 on revenue of $1.75B, compared to forecast for EPS of $1.34 on revenue of $1.2B.
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